Odfjell Invest Orders $645m rig from Daewoo

Friday, February 23, 2007

Odfjell Invest has decided to exercise an option to have one drilling rig built by Daewoo Shipbuilding and Marine Engineerng in South Korea for $645 million, Odfjell Invest said on Friday.
The semi-submersible rig, the company's second, will be delivered no later than June 30, 2010, Odfjell Invest said in a statement.
The company will consider financing $100 million of the cost by issuing new equity, Odfjell Invest said.
Source: Reuters